Uncertainties drive up prices
If you drive a petrol car, you have probably noticed: the price at the pump only seems to go up. The national recommended retail price is even at its highest point in five months.
A recommended retail price of €2.20 is now charged for a liter of E10 petrol. You can often refuel cheaper locally. At the beginning of this year, the national recommended price of a liter of gasoline was still €2.05. Diesel is also considerably more expensive than at the beginning of this year. In recent months, the recommended retail price rose by about 10 cents per liter to €1,968. The increased oil price in particular is causing extra pain at the pump. For example, traders now pay more than €86 for a barrel of North Sea oil. That was still €77 at the beginning of last month.
According to Paul van Selms of consumer collective UnitedConsumers, oil has become more expensive mainly due to ongoing unrest in the world, especially in Ukraine and Gaza. The uncertainty this entails has a major impact on oil trading prices. “You also see that Russia burns a lot of oil itself and that some refineries in the United States have been shut down. This means that there is less supply and that the price rises,” Van Selms explains, according to NU.nl.
Prices above €2 never occurred until 2.5 years ago, but the recommended retail price of petrol has now been higher than €2 for quite some time. Van Selms does not expect fuel to become much cheaper in the future. According to him, we have to get used to the current prices.
– Thanks for information from Autoweek.nl